Yellen says high food and rent prices key factors in voters’ negative economic outlook
WASHINGTON — Treasury Secretary Janet Yellen pointed to the consistently higher prices that Americans pay for food and rent today,…
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
Threats against election workers driving exodus of veteran staff, experts say
WASHINGTON — Physical and cyber threats against election workers are driving people away from the industry, potentially endangering the ability…
A meteoric rise in worker health costs has slowed — but they’re already ‘egregious,’ advisor says
Costs for some key health insurance components have slowed for workers in recent years. While the deceleration is a positive…
Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad
Friday’s market reaction to the jobs report comes down to a simple premise: bad news is good news, as long…
Reid Hoffman-backed PAC may fund primary campaign against progressives Rashida Tlaib, Cori Bush
A political action committee funded largely by LinkedIn co-founder Reid Hoffman may be on the brink of launching a primary…
Labor costs show surprise decline in the third quarter
The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the…
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…
Why working longer is a bad retirement plan
Working longer is among the best ways to ensure you don’t outlive your retirement savings. The problem is, you can’t…
Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does
WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…
